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Real Estate Rockstars Podcast

443: 1,500 Houses and Counting: Mitch Stephen Shares How You can Grow Wealth with Real Estate

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6 • 864 Ratings

🗓️ 11 January 2017

⏱️ 31 minutes

🧾️ Download transcript

Summary

Hear how to build wealth in real estate using the systems and real estate investing strategy Mitch Stephen has used to purchase over 1,500 houses himself. Fed up with being a landlord and watching his cash flow disappear with expenses and liabilities, Mitch started focusing on owner financing strategies which have helped him find financial freedom. Hear how to choose the right market to invest, his key to acquiring houses without using his own money, how systems lead to success and freedom, and much more. Mitch Stephen has been a self-employed RE investor for 20+ years. His real estate investing career started at the age of 23 when he read “Nothing Down” by Robert Allen. Mitch, together with his wife, Tommi, and his daughter, Shannon purchased their fair share of local houses. Their company, Independence Day, Inc., has bought and sold over 1,300 properties in and about San Antonio, Tx since 1996. This company specializes in buying distressed properties with OPM and selling those properties with Owner Financing. The Stephen family built wealth by purchasing very affordable homes, selling them for double the cost, and owner financing the sale by creating note to their buyer. In 1991, the family made plans to keep their wealth and create “Forever Money” by acquiring Self-Storage and Boat Storage facilities primarily around Canyon Lake where they live in Texas. They started with 13 boat storages in front of a state park at the lake, and the storage business has grown to over 1,100 storage doors in 16 locations. Join us as Mitch shares his mindset and a glance at his journey to becoming a Real Estate Rockstar by changing communities and helping over 1,000 families stop renting and start owning.

Transcript

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0:00.0

Across the world real estate agents are underachieving they're missing out all millions of dollars in commissions my name is Pat Hyven and in the past 27 years I've sold over 6,000 homes selling over a billion dollars in real estate volume.

0:18.7

My plan is to interview agents from across the world and help all agents create their destiny.

0:27.0

Already! All right, Rock Star Nation, listen up. I have the solutions if you are looking to build a massive wonderful team that nets you a

0:46.6

million bucks a year net net net not e ci but net I went Omaha, Nebraska and I hung out with Jeff Cohn and the Omaha's

0:57.3

elite real estate group and filmed everything about how they sell 600 homes a year, how Jeff nets over a million bucks consistently and doesn't go on listing

1:08.8

appointments or buyers appointments doesn't even take calls from angry clients because nobody really

1:14.8

knows Jeff they know Omaha's elite real estate group I mean it's really got this

1:21.0

figured out right we had a net a million dollars without being beholden

1:26.3

to other people when he walks into the local mall.

1:30.2

And it's a cool way to conduct business

1:32.3

and net a million bucks.

1:33.4

Six hundred homes a year, five years ago they were doing 80.

1:37.6

So we took this all this footage and we broke it down to 76 videos. We made 73 quizzes to make sure you get it in your

1:46.6

head and we included a bunch of downloads that he and his team use. We got videos of their secret team meetings, of their

1:54.4

admin meetings, of their agent accountability meetings, we got videos of their

1:59.6

agents prospecting to real life clients.

2:03.0

Find out how you can build a team

2:05.0

where everybody gets along with an incredible culture

2:08.0

where everybody is hired right from the beginning,

2:12.0

massive amounts of retention here, people stay,

2:15.4

and how agents regenerate from day one for their entire life there.

2:22.2

I mean, it's unlike any team I've ever seen and you can

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